Winning artificial intelligence (AI) customers is one thing. Turning their demand into shareholder returns is another. Iren Limited (IREN), which operates data centers for Bitcoin (BTCUSD) mining, is expanding into AI cloud services by supplying GPU computing capacity for demanding workloads.
That expansion gained momentum as IREN secured a $2.8 billion financing facility covering roughly 90% of associated GPU spending, helping fund its AI expansion. These commitments show the appetite for computing capacity and the size of the opportunity investors are trying to value.
